AGRICULTURAL CREDIT POLICY COUNCIL Advancing innovations in rural finance
IFSInnovative Financing Schemes
RHBF
Rural Household Business Financing Program
Department of Agriculture
The Rural Household Business Finance (RHBF) Program is an innovative
financing scheme (IFS) that provides financing to rural households for farm diversification and off-farm/non-farm micro-enterprises through rural financial institutions. This pilot scheme is being implemented in selected provinces in Mindanao.
OBJECTIVE
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To support collateral short small agri/fishery households in partnership with lending agents. To encourage agri/fishery households to engage in livelihood diversification activities and improve household income.
ELIGIBLE BORROWERS Eligible borrowers are the spouses, heads or working adult members of small farmers/fisherfolk households.
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Small farming households are defined as those whose heads or members are tilling not more than 5 hectares of land and/or are engaged as small poultry/livestock raisers. Small fisherfolk refer to those operating fishing vessels of not more than 3 tons capacity, fishponds of less than 5 hectares or fishcages of less than 400 square meters or are fisherworkers in fishing boats, fishponds or fishing processing establishments.
ELIGIBLE PROJECTS Any viable income generating activity(ies) of the agri/fishery household that can generate cash flows within the short term.
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Farm/fishery project(s) provided that the household has another existing source of monthly income Farm/fishery project(s) plus off-farm/non-farm activity(ies) operational for at least one year Off-farm/non-farm activity(ies) provided that the household has existing farm project(s)
LOANABLE AMOUNT Loan amount shall depend on the repayment capacity of the sub-borrower based on household’s cashflow but not to exceed P25,000.00
TERMS OF PAYMENT The loan maturity shall not exceed one year and the amortization shall be based on the household’s cash flow. The amortization shall be at shortest interval possible. A borrower must have at least a monthly payment. INTEREST RATES AND OTHER LOAN CONDITIONS Interest rates and other loan conditions vary depending on each lending conduit. LENDING CONDUITS Rural Bank of Koronadal, Inc. Alunan Avenue, Koronadal City, South Cotabato Ms JOSEPHINE LOYOLA Tel. Nos. (082) 225-1583 (082) 228-2412 Bukidnon Cooperative Bank San Vitores St., Malaybalay City, Bukidnon Ms WILHELMIA FERER Tel. Nos. (088) 221-2603 (088) 813-4514 Rural Bank of Tacurong, Inc. Alunan Highway, Tacurong City, Sultan Kudarat Ms MARY EMILIE LAGON Tel. Nos. (064) 200-3002 (064) 200-4622 Cooperative Bank of Misamis Oriental, Inc. Capital Compound, Cagayan de Oro City, Misamis Oriental Ms MYRNA SESCON Tel. No. (088) 856-1550 Rural Bank of Tampakan, Inc. Yakal St., Tampakan, South Cotabato Mr. RODOLFO PASTOR Tel. No. (083) 228-8076 Rural Bank of Kapatagan, Inc. Poblacion, Baroy, Lanao del Norte ATTY. NICOLAS LIM Tel. No. (063) 373-6333
For more information, you may contact:
AGRICULTURAL CREDIT POLICY COUNCIL
3F Agustin 1 Bldg., Emerald Ave Ortigas Center, Pasig City, Philippines Tel. Nos. (02) 636-3391; 634 -3320 to 21 Fax No. (02) 634-3319 Website: www.acpc.gov.ph
Land Bank of the Philippines Program Management Department
28/F1598 M. H. Del Pilar cor. Dr. Quintos St. Malate, 1104 Manila Telephone Nos.: 522-0000, 526-0100 Website: www.landbank.com